SYSTEMS, METHODS AND DEVICES FOR FACILITATING MOBILE PAYMENTS
First Claim
1. A computer implemented method for facilitating a value exchange, the method comprising:
- providing to an accountholder a first account for use in making purchases with a mobile voice and data communications device, wherein said first account has a corresponding identifier;
associating said first account with a second account of the accountholder, wherein said second account corresponds with a bank account holding monetary deposits of the accountholder;
during a purchase transaction made by said accountholder at a point of sale terminal using the mobile voice and data communications device, electronically receiving said identifier and a monetary amount corresponding to said purchase transaction;
authorizing said purchase transaction and transmitting to said point of sale terminal an authorization signal;
initiating an ACH funds transfer request to a financial institution corresponding to said second account of the accountholder;
receiving the requested funds;
receiving a request to settle the purchase transaction, wherein said request involves a request for an amount of money corresponding to said purchase transaction; and
initiating a transfer of a monetary amount corresponding to the requested settlement amount less a fee.
1 Assignment
0 Petitions
Accused Products
Abstract
Mobile decoupled payments account systems and computer-implemented methods provide a decoupled mobile payments account and processing for payments made with a decoupled mobile payments account. A demand deposit account of an accountholder is associated with a decoupled mobile payments account that enables a mobile device to be used in making proximity or remote payments. Embodiments include mobile decoupled payments accounts based upon open or closed loop processing networks and mobile decoupled payments accounts that are ACH-direct accounts. An issuer of the mobile decoupled payments account authorizes or declines transactions and, for approved transactions, initiates an ACH transaction to obtain funds corresponding to an approved purchase transaction from the demand deposit account of the accountholder. Embodiments include person-to-person mobile payments and merchant-specific gifts and prioritized selection of accounts associated with a decoupled mobile payments account for processing a purchase transaction made with a mobile device.
155 Citations
35 Claims
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1. A computer implemented method for facilitating a value exchange, the method comprising:
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providing to an accountholder a first account for use in making purchases with a mobile voice and data communications device, wherein said first account has a corresponding identifier; associating said first account with a second account of the accountholder, wherein said second account corresponds with a bank account holding monetary deposits of the accountholder; during a purchase transaction made by said accountholder at a point of sale terminal using the mobile voice and data communications device, electronically receiving said identifier and a monetary amount corresponding to said purchase transaction; authorizing said purchase transaction and transmitting to said point of sale terminal an authorization signal; initiating an ACH funds transfer request to a financial institution corresponding to said second account of the accountholder; receiving the requested funds; receiving a request to settle the purchase transaction, wherein said request involves a request for an amount of money corresponding to said purchase transaction; and initiating a transfer of a monetary amount corresponding to the requested settlement amount less a fee. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13)
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14. A computer implemented method for facilitating a value exchange, the method comprising:
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providing to an accountholder a first account for use in making purchases with a mobile voice and data communications device, wherein said first account has a corresponding identifier; associating said first account with a second account of the accountholder, wherein said second account corresponds with a bank account holding monetary deposits of the accountholder; during a purchase transaction at a point of sale terminal made by said accountholder using the mobile voice and communications device, electronically receiving said identifier and a monetary amount corresponding to said purchase transaction; authorizing said purchase transaction and transmitting to said point of sale terminal an authorization signal; initiating an ACH transaction with a financial institution corresponding to said second account of the accountholder wherein said ACH transaction is for the purpose of debiting the second account and crediting the first account in an amount corresponding to the monetary amount of the purchase transaction; receiving an indication that the ACH transaction is complete; receiving a settlement request to settle the purchase transaction, wherein said request involves a request to debit the first account in an amount corresponding to said purchase transaction; and debiting the first account an amount corresponding to said purchase transaction; and retaining a portion of the debited amount as a fee. - View Dependent Claims (15)
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16. A computer implemented method for facilitating a value exchange, the method comprising:
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providing to an accountholder a first account for use in making purchases with a mobile voice and data communications device, wherein said first account has a corresponding identifier and can hold money; associating said first account with a second account of the accountholder, wherein said second account corresponds with a demand deposit account of the accountholder; during a purchase transaction made by said accountholder using the mobile voice and data communications device at a point of sale terminal of a merchant, electronically receiving said identifier and a monetary amount corresponding to said purchase transaction; determining whether said first account has funds available for processing said purchase transaction and, when said first account has funds available for processing said purchase transaction, using said first account in said purchase transaction and when said first account does not have sufficient funds for processing said purchase transaction, using said second account to process said purchase transaction and initiating a funds transfer transaction with said second account to retrieve funds for use in settling the purchase transaction. - View Dependent Claims (17, 18, 19, 20, 21, 22, 23)
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24. A computer-implemented method comprising:
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providing a mobile payments account that is usable for making payments with a mobile communications device associated with said mobile payments account; providing the ability for an accountholder associated with the mobile payments account to associate a plurality of merchant accounts with the mobile payments account, wherein each said merchant account is an account that is accepted only at a merchant corresponding to the merchant account; and providing the ability for the accountholder associated with the mobile payments account to associate a demand deposit account with the mobile payments account. - View Dependent Claims (25, 26, 27, 28)
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29. A computer-implemented method for facilitating a mobile payments transaction, said method comprising:
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receiving a request to authorize a purchase transaction initiated with a mobile decoupled payments account from a mobile voice and data communications device, wherein said request includes a first identifier of the mobile decoupled payments account and a second identifier associated with a merchant at which the purchase transaction is being made; identifying the mobile decoupled payments account based upon the first identifier; identifying the merchant based upon the second identifier; determining whether a merchant-specific payments account that is accepted only at the identified merchant is associated with the mobile decoupled payments account; when a merchant-specific payments account that is accepted only at the identified merchant is associated with the mobile payments account and has available funds, using the merchant specific payments account in processing the purchase transaction; when a merchant-specific payments account is not available to use for the purchase transaction, determining whether the mobile decoupled payments account holds available money for processing the purchase transaction; when the mobile decoupled payments account has available money for processing the purchase transaction, using the mobile decoupled payments account for processing the purchase transaction; when the mobile decoupled payments account is not available for use for the purchase transaction, using a default account associated with the mobile decoupled payments account for processing the purchase transaction. - View Dependent Claims (30, 31, 32, 33, 34, 35)
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Specification